Moody's cuts Nadra Bank to 'Caa2/B3.ua/E'

Moody’s Investors Service said yesterday that it lowered the ratings on Nadra Bank: long-term national and foreign currency ratings from ‘B2’ to ‘Caa2’ and on the national scale from ‘A3.ua’ to ‘B3.ua’, and its BSFR financial stability rating from ‘E+’ to ‘E.’ Moody’s said the downgrade was related to the introduction of temporary NBU administration to Nadra.